** SOLD **
Quality office warehouse conversion ideal for occupation/investment or realise the property's redevelopment potential - well suited to a number of development outcomes (STCA).
Superbly positioned in the heart of trendy Prahran with everything one could want at their fingertips including all forms of public transport, a plethora of shopping options, Prahran Market, Parklands, and Melbourne's CBD only 4.5km's* away.
Property features include:
Fully refurbished office accommodation of 220sqm*
Landholding of 390sqm*
On-site car parking (7 cars)
Zoning: Activity Centre Schedule 1 (ACZ1)
Within Precinct 3 Prahran of the "Chapel Street Activity Centre" with a preferred maximum building height of 27m (8 storeys)
Rear access and frontage to Hinton Lane
Offered with short term income
130m* to Prahran Train Station, Greville Street shops and cafes, and more
The property is for sale via Public Auction on Friday 7th May 2021 at 12:00 pm onsite. For further information or to discuss the opportunity further, please contact Gross Waddell ICR directly.
Terms: 10% deposit, balance of monies 60 days
The size of Prahran is approximately 1.9 square kilometres. It has 8 parks covering nearly 6.3% of total area. The population of Prahran in 2016 was 12982 people. By 2021 the population was 12203 showing a population decline of 6.0% in the area during that time. The predominant age group in Prahran is 30-39 years. Households in Prahran are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Prahran work in a professional occupation.In 2021, 43.60% of the homes in Prahran were owner-occupied compared with 39.30% in 2016.
Prahran has 10,924 properties. Over the last 5 years, Houses in Prahran have seen a -9.89% decrease in median value, while Units have seen a 1.31% increase. As at 31 March 2026:
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